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start for a second term. >> what about the critics of the president to say that the deficit has grown and he has not put his weight behind climate change. in his first address, he mentioned climate change three times. and there are still problems in the country and the criticism -- is that he has given a fabulous speech but has not followed through. >> i think some of the criticism is fair but you have to also talk about his initial priorities or challenges. he is really committed to doing something about this in the second term. the deficit is one of the most difficult issues and the president -- he does not sign the appropriation bills until they are passed by congress. and this is not something that the president can do alone. it is the congress decides how big the deficit will be but the president has to work with congress. we need more revenue and we need to drive down spending. i think the president understands that and he is working on this but he cannot do this alone. >> looking forward to the next four years, do you see an america that is retreating? >> i see an american -- a
the narrow lens of deficit reduction so the larger goal of economic growth and maintaining the health and economic security of all americans. now, there's no question that reducing the federal deficit is a worthwhile goal. nobody's going to argue with that. we need to address our nation's long term physical problem. we understand that. they affect all of us. most importantly our children and our grandchildren. their future would not be bright if they are drowning in red ink of budget deficits and soaring national debt. we understand that too. however, their futures will not be very bright if they can't afford health care or if they can't afford a quality education or if they don't have the opportunity to attain long term financial security. leaving them with less economic security by weakening social security and medicare would be just as bad, and for many people, it would be worse, and if we weaken social security and medicare to the point of their parents and grandparents to no longer live with dignity and purpose, we will be risking their futures as well. as a nation, we have to br
of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a second trip -- and a secretary. they do not think it is smart to protect and as corporate loopholes and tax breaks for the wealthiest americans rather than rebuild roads and schools or help manufacturers bring jobs back to america. they want us to get our books in order in a balanced way where everyone pulls their weight, everyone does their part. that is what i want as well. that is what i have proposed. we can get it done, but we're going to have to make sure people are looking at this irresponsible way, rather than just
deficits, but he signalled split decisions in an era of divided government. >> progress does not compel us to settle. centuries long debates about the role of government for all time, but it does require us to act in our time. [applause] >> for now decisions are upon us. and we cannot afford to wait. we cannot mistake absolutism for principle or substitute spectacle for politics or treat name calling as reasoned debate. [applause] >> we must act. we must act knowing that our work will be unperfect. we must act knowing that today's victories will be only partial. peter: top republicans issued bipartisan statements in the spirit of the day, but mitch mcconnell, the senate republican leader called federal spending and the debt the transcendent challenge of the great challenges of our day. david: was it president harrison who had a two hour speech at his inauguration that he caught pneumonia. this was one of the quickest speeches i have ever seen before. but bottom line here, the president, a lot of people say it sounded more like an acceptance speech at a convention than it did at an inaugura
set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and septemberer all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they allr today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have you nan hit in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do some
together to strengthen the middle class, to shrink the deficit and fight for equal pay for men and women and help sure the safety our children, reform immigration law and establish equal rights for gay americans. he devoted several sentences to the battle against climate change which is notable considering some of the critics barely took on the issue the first term. the facts back that up. the president called for our divided congress to act. >> for now, decisions are upon us. we cannot afford delay. we cannot mistake absolutism for principle or substitute spectacle for politics or treat name-calling as reasoned debate. we must act. we must act, knowing our work will be imperfect. >>shepard: he defended the social welfare programs including medicare, medicaid, and social security. now we turn to ed henry live in lafayette park. the president drew inspiration from abraham lincoln and dr. martin luther king jr. in the speech. >>reporter: no doubt. it is no secret this is the first african-american secret and he happens to be sworn in on the same day we celebrate martin luther king jr. day.
. >> peter this is an important point. the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth which it self might be a function of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac duck was brought in with m
that deal with the deficit and also have a vision and the stability in what is going to happen in terms of the voting of economic growth. estimate what the peak to the cut a piece of that. the spending on health not necessarily the biggest cost of the deficit right now but if you look at 20 years, for 30 years it is the alligator that is going to swallow everything. i was on a panel last week and there was a lively argument around should we raise the age for medicare, should we try to change the system and have a fee for service, has the obama administration done a lot to lower the cost of health care going forward so we don't need to do much more? what do you think is in practical terms what needs to be done on health care if you poll people they say we all want to cut medicare celerity want to go dealing with that piece of the puzzle? >> that reminds me when i was in graduate school i went to study foreign policy and was right around the time they balanced the budget and i thought my gosh what am i going to do? so i realized the long-term problems were still there and i had to make a
in nearly the past three years, and the whole fiasco added to the deficit. host: after the news conference yesterday, house speaker john boehner responded with this statement -- " what are your thoughts on this? if the debt ceiling negotiable. some quick comments -- remember, you can post your comments on twitter. the first phone call is from maryland, a democratic caller, jill. caller: i don't believe the debt ceiling is negotiable. it is kind of ridiculous that the money is already owed, so why are we not going to pay what is owed to other people? if people have made investments, the bills have to be paid. i find it ridiculous that people in congress don't want to pay what is already owed. it does not make sense. host: here is the wall street journal this morning. caller: well, if you're asking me if that's true, i think there definitely needs to be somewhat of a compromise as far as spending cuts, but that is not an easy issue, because spending cuts mean job losses. it's not an easy thing to say a president will say we will stop paying the bills too. so there has to be compromised rehab
the debt and deficit reduction at an event hosted by the u.s. chamber of commerce. that's at 8:30 ian. eastern. and at 1 p.m. eastern, the national immigration forum holds a news conference. speakers are scheduled to include tom donohue of the u.s. chamber and former commerce secretary carlos gutierrez. >> he had been talking about this dream that he had had. he had talked about it for years, you know? the american dream, and that it had become his dream. he had been in detroit just a few months before, and he had talked about i have a dream that america will someday realize these principles of the declaration of independence. so, um, i think he was just inspired by that moment. >> sunday on "after words," claiborne carson recalls his journey as a civil rights activist participating in the 1963 march on washington to prominent historian and editor of martin luther king jr.'s papers. it's part of three days of booktv this weekend. monday featuring books on president obama and martin luther king jr. >> now an update on preparations for president obama's inauguration on monday. represent
. this would give the right signals on energy sources and use. it could raise money to reduce the deficit, restore our infrastructure, speed and finance conservation. there are a number of other commonsense steps that would make progress on carbon pollution and energy conservation goals more significant. the epa should stop dragging its feet permitting old coal plants to continue to spew forth toxic waste, harming the environment and the health of our citizens. it is past time the clean air act reinforced. make sure there are proper safeguards for the cracking technology. make sure this reservoir of inexpensive gas does not undercut the addition of renewables to our energy portfolio. solar, wind, geothermal. dership on these technologies for a balanced energy portfolio and ultimately to reduce our carbon footprint. at each step, we should be looking to enhance energy conservation, because the cheapest kilowatt hour is one that you don't have to generate. we should have a 10-year glide path in support of renewable energy. the wind energy industry has already signaled its reaccept tift just
agenda, talking about jobs, dealing with the deficit, getting out of afghanistan. imgrapgs. not small goals. what are his chances of getting thinged accomplished? >> i think there's a path on immigration and that would probably be done soonler rather than later. i remember rahm emanuel saying never let a crisis go to waist waste. the republicans have a crisis in terms of attracting hispanic voters. so they need to deal with immigration reform. is prospects for that look very good. you look at the previous president, what tripped them up, you didn't mention lyndon johnson, but his presidency got devoured by the war in vietnam. he had a terrific legislative record. this president is very careful about getting this country involved in another international crisis, war. he's overly cautious and is getting us out of afghanistan, whether that's a good or bad idea. it's coming to an end. he's very much aware of history. i think we can check the box on the personal life. i have confidence he's not going to get in trouble in his personal life. i think the legislative confrontations are the tou
the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. (cheers and applause) >> pelley: we people, the first three words of the pre-amble of the constitution, the president repeated it again and again throughout the speech, a speech about national unity and unity of person. norah o'donnell and john dickerson are down there on the national mall. they've been watching these events unfold all day. john, the president has quite a task ahead of im. how does he proceed politically? >> well, he proceeds the next big moment is the state of the union and that's where he will get even more detailed. as bob mentioned, this did have a state of the union like feel to it as he ticked off those agenda items. but he'll get more specific about agenda items, he'll put pressure on congress and the big thing, though, is while we think about his agenda for the future, he's still dealing with the business of the past an
make the choices to reduce the cost of health care and the size of our deficit. but we reject the belief america must choose between caring for the generation that built this country and investing in the generation that will build its futur future. >> the commits we make with medicare and social security, these things do not sap our nation, they strengthen us. they do not make us a nation of takers, they free us to take the risks that make this country great. >> wow, look at the crowd. this is a full bar the day after all the natural balls. i'm not sure what's going on here. that was president obama yesterday using his second natural address to preview his aggressive agenda with a focus on immigration reform, gay rights and climate control. organizers estimate as many as 1 million people filled the national mall. as the commander in chief exited the stage, he paused to savor the moment. the tradition of natural balls continued into the night. they attended 10 natural balls last night that went quite late and the first lady holding just two, the lowest since the eisenhower admi
, we understand what's going on in the debt and deficit and destruction but we have a bunch of debt deniers right now other in the senate that, look, this -- this debt devastate -- devastation that's coming is coming. do we have an obligation to try to find a way to actually get a piece of legislation all the way to the president's desk where we get to start to bend the curve? something beyond the messaging bill to actually an accomplishment. and that's -- and that's going to be the battle. >> you asked if this is a test of the relevance of the conservatives in the conference. i would say that really, most conservatives are willing to suspend disbelief and trust the leadership right now that we'll have a conservative outcome after the last three months. it's really a test of this new pact, if you will, of leadership to get to a 10-year balanced budget, to hold the c.r. at 974. we'll see if those things come to pass. i certainly hope they do. but i would submit to you it's more of a test of what the leadership is going to do than it is of the conservative element. >> i would say it's
the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is? >> guest: technology aspect is manifold. and price performance improves every 18-24 mocks. in the last year we have gotten into the innovation cycle in batteries so by the end of 2020 electric vehicles will actually be price competitive with grass-driven cars. the problem with these things is that we can't wait. we can't wait because of the environmental effects and we can't wait because we need the economy to grow quickly right now. so the book lays out a whole bunch of different ideas for bringing private investment much more quickly into the job of rebuilding the power grid. >> host: on this show, a series on the international power plant, and he doesn't necessarily agree that the internet is completely green or is terribly green. what is your thought? >> guest: he is right about that. people say that data centers in the united states account for 2% of all electricity consumption. if it isn't exactly that
and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit area but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers] [applause] we remember the lessons of our past. twilight years were spent in poverty and parents of a child with a disability have nowhere to turn. we do not believe that in this country that freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us, at any time, they may face a job loss or sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things strengthen us. [cheers] [applause] they do not make us a nation of takers. they free us to take the risks that make this country great. [cheers] [applause] we, the people, still believe that our obligations as americans are not just to ourselves, but to all prosperity we will respond to the
in that time to clear the way for negotiations on long-term deficit reduction, to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the country. that's what the american people are looking for. and to date, politicians have both parties have been unwilling to take even a tiny step in the right direction. we've got to fix the problem. >> the senate has to pass a budget. do you believe that? >> i do. >> why has it been four years since you've done that? >> well, l
to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first time around as a good way to sort of change the system and bring in more revenue
term deficit reduction plan." you will recall that standard & poor's did downgrade the u.s. debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending cuts. s&p did cite the melodrama as part of the reason but placed emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exa
. leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some people. >> with the white house refusing to negotiate spending cuts and the democrat controlled senate unlikely to pass a budget as part of a long-term deal to raise the tet ceiling, pat toomey of pennsylvania is reintroducing legislation he says will avert the u.s. from defaulting on the debt. >> we must prioritize three categories of payments. one would be debt service, interest on the debt so we would haven't default. a second would be social curt payment to seniors so they don't worry whether the check is coming or not. the third is pay for the active duty military personnel. >> the white hou
programs at a time when everyone in washington is talking about debt and deficits, he threw down the gauntlet and made clear, i won the election, i will stand for these following things. he did not go in great detail. he does that next month. he made clear he is coming out where he is and he will come out swinging and he thinks he will get a lot done. we will see. >>neil: before i leave, much was made that the president has not walked much so far, what do you make of that? compared to last inaugural. >>reporter: he will be making that town as you say at the treasury department in a block or so from where we are right now, at lafayette park. look, they are always careful about not having the president walk too far. based on the cheers he is getting close because people here, outside the white house, they have been waiting if hours, since early this morning, 7:00 or 8:00 a.m. lining up here, so you get the idea after 4:00 p.m. eastern time, folks are cold, folks are tired, they are very excited to see the newly inaugurated president, re-elected president coming out here. as i menti
everyone in washington is talking about debt and deficits. he also gave a very rigorous defense of entitlement spending, take a listen. >> the commitments we make to each other through medicare and medicaid security, these things do not sap our initiative. they strengthen us. [ applause ] they do not make us a nation of takers. they free us to take the risks that make this country great. [ applause ] >> now, interesting as well that the white house put out a tweet about another part of the speech where he said, quote: our journey is not complete until our gay brothers and sisters are tweeted like anyone else under the law. what's significant about this it's the first time any u.s. president has used the word gay in an inaugural address. you will remember it was only a few months ago the president came out in favor of same sex marriage. that was a change for him. he now is making clear that gay rights will also be part of his second term agenda, shep. >> shepard: what are we getting in the way of reaction to this speech, ed? >> well, look, republicans are going to be a little bi
, but a defense of the reunconstructed entitlement state. there was a line to care for the deficit, but immediately said there's no choice between to make between investing in the elderly and younger generation saying we're not going to make choices at all, but keep spending. gerri: where was the conversation about, you know, trying to tackle our national debt? >> well, i mean, i just want to address one thing rich said. president obama spent the last four years trying to work with the republicans that failed, and i think in the first -- gerri: all right, but answer the question here. this is an issue we talk about every single day on this program. there's $16 trillion in federal debt, $50,000 for each and every american in the country to have to pay, and the president doesn't even mention it in the speech. why? >> this there was a mention of , but more detail in the state of the union. look at the speeches separately. today was broad, and putting out the fact he's going after the promises made in the next four years. the state of the union, on february 1 #* 12th, there's a deal ab
bills. but as part of the deal senate democrats must agree on a budget that addresses long-term deficit reduction. if there's no agreement in three months, republicans propose that no one in congress gets paid. >>> and now we turn to our special presidential inauguration coverage. as washington prepares for two days of inaugural events we have the results of a new cbs/new york times poll. the pr begins his second term with a 51% approval rating. that's similar to what president bush had at the start of his second term. let's get more from white house senior correspondent bill plante who's about a mile from the white house. bill, good morning. >> reporter: good morning to you, rebecca. well as president obama's first term morphs into his second there's really no change to a jen da. but for the next couple of days a brief holiday from gridlock and a window for celebration. last-minute preparations are under way at the capitol where the president will take the oath of office and at the parade reviewing stand at the front of the white house. because the constitution says
would be able to reduce the deficit by $150 billion. not a bad idea. and then if you could do all this and would only cost the average driver less than $1 per week per car, would that be a reasonable burden to impose? so i'm floating the idea. we are beginning discussions with senator mark warner of virginia. he was part of the gang of six, gang of eight. we are encouraged by what we're hearing from him. chairman bill shuster in the house came to our meeting in pittsburgh in november, and he said, listen, folks, we know that the central question congress will have to address next year is revenue. we are open to ideas. no guarantee that they can pass anything. but bill shuster is open to any and all ideas. so what i'm asking you to do is to join us in the battle that lies ahead this next couple of years and demand that congress provide long-term funding for transportation. you know, the big issue that every member of congress is concerned about is with deficits, long-term fiscal viability of the country and cutting spending and raising revenue, that combination is what people seem
make the hard choices to reduce the cost of health care and reduce the size of our deficits. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [applause] we remember the lessons of our past, years spent in poverty, the parents of a child with a disability had nowhere to turn. we do not believe that freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us, at any time, may face a job loss or a sudden illness, or a home swept away in a terrible storm. the commitments that we make to each other through medicare, medicaid, social security, they do not sapped our initiative, they strengthen us. they do not make us a nation of takers, they free us to take risks to make this country great. host: the top republican in the senate responded to the president's address saying that he congratulated the president on his inauguration and that he wished him well in his duty to lead the u.s. at home and a
deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> bill: so the question -- so why should the president entertain this notion that the debt ceiling which republicans voted for 19 times under george w. bush without a peep, you know, why should he entertain the notion that suddenly this is a matter of big negotiations? >> well, he's trying to say that he shouldn't but unfortunately the house republicans have the majority in congress. unfortunately for him, so when he says he doesn't want to debate it and negotiate over it, he is running up against the fact that people who have the power in the house do want to debate it and that can cause problems. he certainly is pushing this idea here to try to remove this from the realm of what he wants and the american people see as rational debate. he used a lot of words yesterday that were very strong to try to make people see this as what he called an absurd way of approaching this. he talked about this being like holding a gun to your head or ransom. this
reduced the federal deficit even by a dollar. we are not going to get out of this overnight. this would allow us to keep reducing the deficits. we have a shared value in eliminating waste, fraud, and abuse. we are intent on that. host: how much of the budget does waste, fraud, and abuse make up? guest: i could go back to virginia beach, virginia, and we could identify waste every day. we will never eliminate it entirely. we can do a better job. it will take reforms. we are living longer and we have fewer people paying in. i want to protect those who are hurting the most, like art, who called in earlier. host: lester is a republican. caller: good morning. disability, 63 years old. my wife still works. $45,000 a less taw less than year. somehow someone is going to have to do something about this. guest: i agree completely. i believe it is immoral for one generation to pass on debt that dims their future. those who have served our country -- i am mindful of the price paid by our goldstar families. we're failing the young people. i am with you. i was over it. i believe when americans are gi
to overload the agenda but in addition everything he wants to do and obviously the debt and deficit he will have several battles with congress over that but gun control, he will try to take advantage newtown has happened and perhaps caused a tippingpoint in public attitudes and he will push that very aggressively. shepard: senator chuck schumer, the chairman of joint congressional committee of presidential ceremonies with opening remarks. >> welcome to the capitol and this celebration of our great democracy. now this -- [cheers and applause] this is the 57th inauguration of an american president and no matter how many times one witnesses this event, its simplicity, its inate majesty and most of all its meaning, that say yesterday, yet cautious trusting of power from wee we the people to our chosen leader never fails to make our heart beat faster as it will today with the inauguration of president barack h. obama!. [applause] now we know that we would not be here today were it not for those who stand guard around the world to preserve our freedom. to those in our armed forces, we offer
a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign about it. by the way the american people agreed with me that we should reduce our deficits in a balanced way that takes into account the need for us to grow this economy. martha: bob beckel is former democratic campaign manager and cohost of the five. mary katherine ham is editor at large and fox news contributor. why do you think it was so testy yesterday? >> obama's best form is not necessarily a press conference which is why he does than do many of them. i which he was testy for one real reason. the republicans trying to take the full faith and crucify the united states currency and putting it at fist being. i'd invoke the 14th amendment, we'd problem below know that if we spent more time with the republicans wasting time on the floor of the house. i thought he ought to raise it and to hell with congress. martha: we talked to stewart varney and kirsten said in that sound byte, this isn't about default, people don't think we aren't going to pay the debt o
as our tax burden is, it has not kept pace with public spending. for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're not bound by that same limitation? we must act today in order to preserve tomorrow. and let there be no misunderstanding -- we are going to begin to act, beginning today. [applause] the economic ills we suffer have come upon us over several decades. they will not go away in days, weeks, or months, but they will go away. they will go away because we as americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom. in this present crisis, government is not the solution to our problem, government is the problem. [applause] from t
the debt ceiling. this is the question we posed. is reduce the federal deficit a worthy goal? this is interesting you may recall white house press secretary made news by stating that deficit reduction is, quote not a worthy goal onto itself. 77% of voters disagree with them and that includes large majorities of republicans, independents and democrats. what is your take on this? >> again i don't want to be a downer here, the question is what urgency to do they place on that. we had an election two months ago where there were two candidates, one was more focused on cutting the deficit and reducing our long term debt and one didn't think it was a big concern. the one who didn't think it was a big concern won the election. yes, voters seem to say that is an issue they agree with, but when it came to election day two months ago that certainly wasn't one of the top issues they voted on because they voted for the candidate who wasn't embody go it. >> heather: through his actions, as well. that leads to this, how f or if it should be raised? should the debt limit be raised again, 23%
, energy, i'm going to focus on this god awful deficit and debt we have. those seemed to be the three long-term things he was playing for and then newton happened and like every parent, like every american, his heart was broken and he has taken this incredibly politically difficult and divisive issue of gun safety and put it ahead i think of debt and deficit, immigration and energy. he had to respond to what happened and people right now are judging that response. >> there's a blueprint. certainly there's a blueprint and they're working on the blueprint. plans on how they'll pursue gun control and plans on how they'll pursue immigration. massive rollouts in the next few weeks. marco rubio seasoning the house for possible transformative legislation. >> 2016 happened right here right now. >> and she wasn't even the first. >> wasn't even the first. margaret and paul, thank you for joining us to talk ability these fascinating issues. >> and when we return, a sneak peek at tomorrow's parade route and security measures in place around the capitol. security so very tight here. and later, roosevel
at the half. the 49ers overcame a record 17-point deficit to beat the atlanta falcons 28-24. the super bowl will be played in new orleans on february 3rd. >>> and that's a look at some of the other stories making news had morning. up next, we'll take you back live to the capitol when our special inauguration day edition of "news4 today" continues. >>> the world will be watching this stage in just a few short hours. this is a live picture from the steps of the united states capitol. you can see it is a very busy place already this morning. everything is in place. as we speak, a mass movement of about a half million people on its way to the mall. good morning everyone. welcome back to this special inauguration edition of "news4 today"ment i'm aaron gilchrist. >>> i'm eun yang. take a look at this crowd gathered outside the farragut north metro station. we'll go live will in a moment. let's check the forecast. >>> you may have noticed the folks bundted up big time this morning. >> they're doing the right thing. it's cold. it's below freezing. tom kierein. starting with high clouds drifting ove
't create new deficit spending. so not raising the debt ceiling is sort of like a family that's trying to improve its credit rating. families that say, i know how we can save money, we won't pay her credit card bills. it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise that as an additional fiscal cliff that is facing us? would you think that it's not as concerning as it was when you raise that term initially? >> as i said the fiscal cliff, if it is allowed to take place, it probably would have traded a recession this year. a good bit of that has been addressed. nevertheless, we still have fairly restrictive fiscal policies now. it is estimated that fed
care, and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. the commitments we make to each other through medicare and medicaid and social security, these things do not sap our initiative. they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. we will respond to the threat of climate change. knowing that the failure to do so would betray our children and future generations. we, the people, still believe that enduring security and lasting peace do not require perpetual war. and we must be a source of hope to the poor. the sick. the marginalized. the victims of prejudice. our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. our journey is not complete until we find a better way to welcome the striving, hopeful immigrants who still see america as a land of opportunity. our journey is not complete until all our children from the
in the late 1980's when we didn't have to talk about how to pay for disaster assistance because the deficit was only $3 trillion. but we've so badly mismanaged our money after that, by the time we got to hurricane katrina in 2005, that we actually did start talking about offsetting and paying for disaster relief and paid for and offset about 40% of it. but we didn't learn. we didn't learn from those mistakes and we've continued to mismanage our money and to run up our deficit to such a point now where we're at $16 trillion today and it's incumbent upon us to have the discussion about whether or not we have the money to do this. and whether or not it's important enough to us to pay for it. i wish very much that we weren't here today. i wish very much that we could pass this and easily borrow the money, without any questions whatsoever. but we've wasted that opportunity. we've mismanaged our own finances to the point where we are now no longer capable of taking care of our own. think about that for a second. in the united states of america we do not have enough money to take care of our own c
it. gun safety, immigration reform. deficit reduction and those looming spending cuts that are a part of the sequestration. so that's lot before the president. but as major has noted this is a speech today that's not about specifics, but setting the tone and trying in some ways to push the reset button. >> thank you very much. the president and the first family are back at the white house this morning, but they started their day right across the street from the white house at st. john's episcopal church where our wyatt andrews is standing by this morning. >> scott, good morning. every president since franklin roosevelt, that's 80 years, has begun inauguration day here at st. john's church. the president arrived early this morning with the first lady, daughters malia and sasha, and the family of vice president biden. they came to a 50-minute prayer service. attended also by about 600 members of the parish and congregation. they also got some news when they heard that their reverend will be giving the benediction. the previous one had withdrawn after he gave an anti-gay sermon 20 years
deficit hawk. the republican senate committee budget guru, and he is offsetting most of the first slice. the bill's actually two pieces, 17 billion and 34 billion. and he's offsetting the 17 billion portion with a across-the-board cut. so it'll be interesting to see if that passes or not. you know, all democrats will vote against it, and i suspect that it will fail. but it'll be interesting to see. for him it's important because they want to establish the principle that emergency spending needs to be offset with spending cuts. which is something that democrats are very afraid of, because they feel like every time there's a disaster, republicans use it as an excuse to go after domestic programs, social services and so forth. so that'll be an important precedent, and then we'll see what happens in the senate. you know, we'll probably see a house/senate conference on the bill or some ping-ponging between the chambers and probably delaying final enactment. >> host: yeah. and the washington times reporting this morning that the conservative group for growth is threatening to punish members w
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